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Business & Economy UZB

Afghanistan, Uzbekistan sign investment, trade agreements worth $2.5 billion

Afghanistan and Uzbekistan signed 35 investment and trade agreements worth $2.5 billion during Uzbekistan Prime Minister Abdulla Aripov’s visit to Kabul on August 17, TOLOnews reported. According to the Economic Deputy of the Afghan Prime Minister’s Office, 12 agreements worth $1.4 billion were signed in the investment sector, and 23 agreements worth $1.1 billion were

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Business & Economy UZB

New wastewater treatment plant will be built in Uzbekistan’s Tashkent region

The government of Uzbekistan and a consortium of companies including Abu Dhabi Sustainable Water Solutions (UAE), SUEZ (France) and Marubeni (Japan) have signed a Joint Development Agreement for the construction of a new modern wastewater treatment plant in the Kuichirchik district of the Tashkent region, the Uzbek Ministry of Investment, Industry and Trade said. SUEZ

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Business & Economy UZB

Uzbekistan citizens granted amnesty to illegally seized land plots

Uzbekistan President Shavkat Mirziyoyev has signed the law “On recognition of ownership rights to illegally seized land plots and buildings built on them.” Many citizens of the country waited for this law for a long time, as it concerns the lives of millions of families. According to preliminary estimates, there are currently more than 3.6

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International Affairs RU UZB

Leader of Uzbek diaspora in Russia jailed for 4 years over social-media post

A Moscow court on August 12 sentenced Usman Baratov, a leader of the Uzbek diaspora in Russia, to four years in prison on a charge of inciting hatred online, RFE/RL’s North.Realities reported. Baratov pleaded not guilty to the charge, which stemmed from a post on social media in December related to an abrupt increase of

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Business & Economy KZ UZB

Kazakhstan and Uzbekistan sign projects and trade contracts for $7 billion

At the Kazakhstan-Uzbekistan business forum in Astana on August 7, the two countries agreed on joint implementation of 34 investment projects worth $4.4 billion and signed trade contracts worth $2.6 billion. As reported by the Kazakh government’s press service, the joint projects will be implemented in energy, mining and geology, transport, chemical industry, construction, electrical

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Business & Economy UZB

French cargo airline starts flights between China and France through Uzbekistan

On August 5, the French transport and logistics airline CMA CGM Air Cargo made its first flight on the Zhengzhou (China)-Navoi (Uzbekistan)-Paris (France) route. The French aircraft landed in Navoi at 06:27 local time. According to tradition, the cargo aircraft was greeted with a water arch, the Uzbekistan Airports Joint Stock Company reported. It is

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Business & Economy UZB

ADB to support reforms in Uzbekistan’s energy, financial markets

The Asian Development Bank (ADB) has approved two policy-based loans totaling $400 million that support the Government of Uzbekistan’s initiatives to enhance the country’s financial markets and develop a sustainable, market-led power sector. “Strong participation of the private sector is vital to Uzbekistan’s economic growth and transformation,” said ADB Director General for Central and West

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Geo Politics UZB

Uzbekistan to hold parliamentary, local elections in October

Uzbekistan’s Central Election Commission announced on July 26 that parliamentary and local elections will be held in the Central Asian nation on October 27, RFE/RL’s Uzbek Service reported. Those up for election include 150 members of the parliament’s lower chamber, the Legislative Chamber; 56 members of the upper chamber, the Senate; and 65 members of the Supreme

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Business & Economy UZB

US company to produce thermal energy from medical waste in Uzbekistan

The President of Uzbekistan earlier this month signed a resolution “On measures to implement the investment project for the production of alternative thermal energy from medical waste”. The project will be implemented by a U.S. company, Sayar LLC, which has established a project company in Uzbekistan, called Sayar Green. An Investment Agreement has been signed

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Business & Economy UZB

Chinese company to build a mining plant in Uzbekistan

Construction of the Surenata mining plant was launched last week in Parkent district of Uzbekistan’s Tashkent region, the Uzbek Ministry of Mining Industry and Geology reported. When completed, the new plant will produce 2.4 million tons of ore and one million tons of iron ore concentrate per year.   China’s Limaomaoli Metal Company is expected to

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